David Thompson, Vice President and General Counsel at MannKind Corporation (NASDAQ:MNKD), sold 30,000 shares of Common Stock, $0.01 Par Value yesterday. The disposition was executed directly, at a price of $9.41 per share and the insider also exercised his use of employee stock options. Furthermore, this is one of many stock sales executed by Thompson this quarter, as he recently discarded 30,000 shares of Common Stock for $10.51 per share, shortly after unloading a bulk of 133,000 shares for a price of $9.95 a share in June.
However, Thompson is one of many active insiders at MannKind Corp this year. On Tuesday, Diane Palumbo, Vice President and Human Resource at the $3.6 billion market cap biopharmaceutical firm, sold 17,901 shares of Common Stock, $.01 Par Value, paying a price of $10.01 per share. And this disposition is merely one of several executed by the insider throughout this quarter, as she unloaded 85,000 shares in May, for a price of $7.50 per share.